Remove Fort Worth Remove Motors Remove North America Remove Water
article thumbnail

GM and MP Materials enter long-term supply agreement to scale rare earth magnet sourcing and production in US

Green Car Congress

General Motors and MP Materials ( earlier post ) have formed a strategic collaboration to develop a fully integrated US supply chain for rare earth magnets. Neodymium-iron-boron (NdFeB) magnets are critical inputs that enable electric motors to transform electricity into motion.

GM 221
article thumbnail

US DOD awards MP Materials $35M heavy rare earth processing contract

Green Car Congress

MP Materials owns and operates Mountain Pass, the only integrated rare earth mining and processing site in North America. In addition to its mining and processing operation at Mountain Pass, MP Materials is developing a rare earth metal, alloy and magnet manufacturing facility in Fort Worth, Texas. MP Materials Corp.

article thumbnail

GM and Glencore enter multi-year cobalt supply agreement

Green Car Congress

Glencore and General Motors announced a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. Alloy flakes with MP Materials, which will establish the first North American processing site for alloy flakes.

GM 459
article thumbnail

MP Materials has an ambitious US rare earth supply chain strategy to fuel EV innovation

Charged EVs

Permanent magnet motors are dominant in the EV industry, due to their superior efficiency. The majority of EV traction motors use rare earth magnets. What’s more, the company is developing a facility in Fort Worth, Texas where it plans to manufacture alloys and magnets from Mountain Pass materials. And it has customers.

Supplies 103
article thumbnail

MP Materials has an ambitious US rare earth supply chain strategy to fuel EV innovation – Charged EVs

Baua Electric

Permanent magnet motors are dominant in the EV industry, due to their superior efficiency. Approximately 90% of electrified vehicle traction motors use rare earth magnets. What’s more, the company is developing a facility in Fort Worth, Texas where it plans to manufacture alloys and magnets from Mountain Pass materials.